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National Mineral Policy 2006 - Department of Mines

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Appendix F (cont.)Country Mining Law Who grants Mining legislationRestrictions Coverage <strong>of</strong> SecurityFDI Commodities Application area Mining Law <strong>of</strong> tenureColombia Mining Code Law Vice-Minister None None Parks for natural Prospecting, Yes57/87 <strong>of</strong> 1987 <strong>of</strong> <strong>Mines</strong> reservation, exploration,indigenousmining andreservation, black concentration,communities, areas smelting and<strong>of</strong> urban settlement transport andand areas <strong>of</strong> defence pr<strong>of</strong>itingGhana <strong>Mineral</strong>s & Mining Minister <strong>of</strong> 10–30 per cent: Radioactive None Reconnaissance YesLaw 153 <strong>of</strong> 1986, <strong>Mines</strong> & Energy Government minerals prospecting,<strong>Mineral</strong>sand Mining Amendment shall obtain exploration,Act 1994 (according to 18 obtain 10 per mining andNovember 2005 Mining cent with no exportJournal, a new Bill torepeal law 153 is beingconsidered)financialcommitmentand shall havethe option toacquire a 20 percent furtheroptionas agreedmutuallySource: 1. World Bank (2001), Review <strong>of</strong> Legal and Fiscal Frameworks for Exploration and Mining.2. World Bank (2001), Mining Sector Reforms and Investment.247

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